Two Wheeler Loan in Karnal

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Two Wheeler Loan in Karnal

Best Banks for Two Wheeler Loan in Karnal

Features of Two Wheeler Loan in Karnal

Two-wheelers are popular amongst people of all age groups, as they are small and manageable, but there are many people, who find it difficult to finance a bike. In such a situation, availing a Two Wheeler Loan is the best deal for you. It provides funds to people for buying a bike, that they dream of.

Featured of Two Wheeler Loan in Karnal-

  • Two Wheeler Loan in KarnalAffordable
  • Simple and Hassle-free
  • Easy to payback
  • Flexibility of payment
  • Speedy Approval in 4 hours
  • Minimum Documentation
  • Attractive Interest Rates

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Two Wheeler Loan Karnal Interest Rates

Bank
Processing Fee
Prepayment Charges
HDFC Bank Car Loan
(1999 - 4999) + Tax
2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan
1 % to 2.50%
Nil
Private Bank Car Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
2.25% of foreclosure amount if closed 1 month ahead of the tenure.
IIFL Car Loan
Nil
Nil
Muthoot Car Loan
Nil
Nil
Manappauram Car Loan
Nil
Nil
PNB Car Loan
0.70% to 1%
Nil
Canara Bank Car Loan
1%
Nil
Andhra Bank Car Loan
Nil
Nil

To check Two Wheeler Loan Interest Rate for all major banks you can visit: Two Wheeler Loan Interest Rate

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Two Wheeler Loan Karnal Documents Required

Click here to know more about Two Wheeler Loan Documents Required

For Salaried:-

  • Address Proof: Driving license / Voters card / Passport Copy / Aadhaar Card
  • Identity Proof: Aadhaar Card, Voters ID card, Passport, Driving License
  • Compulsory Documents: PAN Card
  • Bank Statement: Last 3 months.

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Bank Statement: Last 3 months.
  • Address Proof: Voters card / Passport Copy / Driving license / Aadhaar Card
  • Required Documents: PAN Card

Two Wheeler Loan Karnal Eligibility Criteria

Your ability to repay the loan is the biggest factor in deciding whether you’ll be eligible or not for the two-wheeler loan. The following are the major criteria’s:

The borrower should be at least age 21 and maximum age 65 to qualify for the loan. 
You are eligible for the two Wheeler loans if you have an average monthly income of Rs 7000 (salaried) and Rs 6000 (self-employed).

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Two Wheeler Loan for Top Selling Bikes in Karnal

Processing Fees / Prepayment Charges on Two Wheeler Loan in Karnal

Processing Fees– Up to 3% of the loan amount (maximum)

Pre-payment charges- Within 4 to 6 months – 10% of principal outstanding
                                     Within 7 to 12 months – 6% of the outstanding principal 
                                     13-24 months – 5% of principal outstanding
                                     Post 24 months – 3% of the key outstanding
                                     Prepayment within three months of EMI repayment is not permitted.

Car Loan Karnal Contact Number

In case of any queries regarding the two-wheeler loan in Karnal, you may contact on the number 9878981166 for any sort of assistance.

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Pre Calculated EMI Table for Two Wheeler Loan Karnal

Rate 4 yrs 3 yrs 2 yrs 1 yr
11.83% 2625 3313 4699 8876
12.00% 2633 3321 4707 8884
12.50% 2658 3345 4730 8908
13.00% 2682 3369 4754 8931
13.50% 2707 3393 4777 8955
14.00% 2732 3417 4801 8978
14.50% 2757 3442 4824 9002
15.00% 2783 3466 4848 9025
15.50% 2808 3491 4872 9049
16.00% 2834 3515 4896 9073
16.50% 2859 3540 4920 9096
17.00% 2885 3565 4944 9120

About Karnal

Karnal is city part of the National Capital Area, located in the state of HaryanaIndia, and is the Karnal District’s administrative headquarter. 
It was used as shelter by the East India Company army during the 1857 Delhi Indian Rebellion.

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Two Wheeler Loan EMI Calculator Karnal

FAQs for Two Wheeler Loan in Karnal:

✅ Why should I apply for a Two Wheeler Loan in Karnal?

Owning a Two Wheeler Loan in Karnal can make you feel confident and independent. However, to pay for it out of your own pocket can make it a financial burden for you and the Karnal Two Wheeler Loan loan helps you pay for the vehicle through easily affordable monthly payments.

✅ Can a Two Wheeler Loan loan from Karnal fund my vehicle purchase completely?

Most banks in Karnal offer to fund up to 85% or even 90% of the vehicle cost. However, few lenders in Karnal even fund for the 100% amount but charge some additional costs and add some conditions to it.

✅ What costs will a Two Wheeler Loan in Karnal cover?

A Two Wheeler Loan loan from Karnal will cover the registration charges, insurance, as well as accessories. You can get even more benefits in Karnal if your bank has a tie-up with a particular Two Wheeler Loan company.